All year Letting Agents, and Estate Agents have tried to kick start their market with announcements of a recovery in the market. Frankly it just isn’t happening, but also – it doesn’t have to. What is wrong with selling or letting at the current market price? ……… Absolutely nothing! Just price your flat at a sensible price and it will go.
The latest piece of mis-information comes courtesy of the Telegraph.
Pimlico Flats
The statistical fact behind the article is that the RICS reported in March (that’s 2 months ago) Surveyors reported the change in House Prices as follows:
A Rise 2%
No Change 36%
A Fall 61%
You can download the data yourself here
This is reported by the Telegraph as:
House prices in Britain rise for first time in 18 months
Housing prices in Britain are on the rise again for the first time in 18 months, figures from the Royal Institution of Chartered Surveyors show.
Yeah – right.
